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| Provider | Service type | Compensation |
|---|---|---|
MINNESOTA LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 41-0417830 | Contract Administrator | $20 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,246 | $43,504-30.5% | $68,612-55.9% | $56,289-46.3% |
| Participation rate | 55.4% | 67.8%-12.5pp | 72.2%-16.9pp | 69.9%-14.5pp |
| Annual return | 0.00% | -3.15%+3.1pp | -4.63%+4.6pp | -9.96%+10.0pp |
| Employer contribution / active EE | $462 | $1,525-69.7% | $2,625-82.4% | $2,111-78.1% |
| Participant deferral / active EE | $751 | $2,509-70.1% | $3,311-77.3% | $3,350-77.6% |
| Admin fee / account holder | $0 | $515-99.9% | $5,131-100.0% | $521-99.9% |